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Axios
Axios
World

U.K. Prime Minister Truss abandons her agenda to stem market meltdown

Liz Truss Jeremy Hunt Boris Johnson James Johnson Penny Mordaunt Kwasi Kwarteng ​​Rishi Sunak

U.K. Prime Minister Liz Truss is still officially in charge, but hardly seems to be in control.

The big picture: Truss unleashed chaos in the financial markets three weeks ago with a plan to slash taxes while simultaneously funding massive energy subsidies. Her finance minister is now gone, along with most of that plan and arguably her authority.

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